AN INCREASE in identity protection has enabled CPP Group, one of York’s biggest employers, to continue to grow, it told the stock exchange.
The group, which sells card protection and insurance, said in a pre-close trading statement before entering its close period for the half year ended 30 June 2010 that it expects to increase underlying operating profit by rolling out more expensive products.
It said revenue will have grown year on year in line with management expectations with the majority of growth in Northern Europe, driven by the growth of identity protection and new card protection and identity protection products.
Recently launched markets, including India, Mexico and Turkey, also continue to grow.
Group chief executive Eric Woolley said: “CPP continues to perform well and has made good strategic and operational progress in the first half of 2010. Our addressable market continues to expand as we develop further growth channels, such as packaged accounts in the UK, and further develop our presence in key emerging markets.”
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules here